We are only a couple days away from an exchange on a property in Ruabon and my parents have transferred the 10% deposit to my . I am now told that as the deposit has not come from me my needs to make a notification to my mortgage company. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I disclosed to the bank regarding my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?

Your is duty bound to clarify with lender to ensure that they know that the balance of the purchase price is not from your own resources. The solicitor can only notify this to your lender if you agree, failing which, your lawyer must cease to continue acting.

I own a freehold property in Ruabon but nevertheless charged rent, why is this and what is this?

It’s unusual for properties in Ruabon and has limited impact for conveyancing in Ruabon but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.

Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the creation of fresh rentcharges from 1977 onwards.

Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.

I'm purchasing a new build house in Ruabon with a mortgage from . The developers would not budge the amount so I negotiated 6k of extras instead. The sale representative advised me not inform my lawyer about this extras as it may adversely affect my mortgage with the lender. Is this normal?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

What makes your site different to other web based conveyancing solicitors when it comes to conveyancing in Ruabon?

At this site receive a conveyancing quote via a Solicitor or Licensed Conveyancer that has a full understanding of the nuances for your conveyancing in Ruabon. Unlike many estate agents and brokerage sites we do not have commission deals with solicitors. A large number of agents and online brokers 'recommend' the firm who pay the highest per referral, rather than the best value conveyancing in Ruabon

I own a 1st floor flat in Ruabon, conveyancing having been completed 3 years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Ruabon with a long lease are worth £165,000. The ground rent is £45 per annum. The lease finishes on 21st October 50

You have 50 years left to run the likely cost is going to range between £36,100 and £41,800 plus professional fees.

The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first getting professional advice.